Bahra Cables to launch automated warehousing facility

Updated 23 May 2012

Bahra Cables to launch automated warehousing facility

Within its general strategy to keep abreast of latest global business development, Bahra Cables Co. Ltd., a CPC affiliated company, is getting ready to open a new automated storage facility uses latest technologies in the areas of storage and products classifications.
The new warehouse built on an area of 10,000 square meters, and can accommodate more than 19,000 pallets, in addition to 2,500 pallets in an air-conditioned and temperature controlled, according to product type, storage area.
The warehouse, as well, has an area of one thousand square meters for storing spare parts for machinery and equipment used in the company’s production operations, along with an open area to store more than 5,000 of produced cable Drums.
Talal Idriss, chief executive officer of Bahra Cables Co. Ltd., said the new storage system was supplied by the Italian company (SPAN) and uses the latest wireless signal technology for convenient and quick in-and- out automatic service.
The first stage of the new storage will be opened at the beginning of June, while the second stage will be opened by the end of 2012 G.
The state-of the-art warehouse and technology will enable to company to implement its production plans to meet its obligations to its customers, through using the maximum possible area of the warehouse, ensuring that first products go in are first to go out, in addition to reducing the coding number of products and thus provide quick access to the required product.
Moreover, as forklifts will not pass between shelves, as in regular systems, the number of the likelihood of accidents will be reduced dramatically; this is an addition to using strong and rigid shelves.
Bahra Cables, produces high, medium and low voltage cables which are fire resistant and do not emit smoke or toxic and suffocating gases in case of electric circuit shortage.

 


UAE to boost strategic stockpile, says vice president

A police car patrols Al-Ras district, famous for its gold and spice markets, after a full lockdown, following the outbreak of the coronavirus disease (COVID-19), in
Updated 6 min 54 sec ago

UAE to boost strategic stockpile, says vice president

  • Emirati central bank to guarantee liquidity in banking system, boosting its stimulus package to $70 bn

DUBAI: The United Arab Emirates will reinforce its stockpile of strategic goods and will waive residency visa fines for the rest of the year in response to the coronavirus outbreak, its vice president said on Sunday.

Tweeting after a Cabinet meeting, Sheikh Mohammed bin Rashid Al-Maktoum, who is also the UAE prime minister and ruler of Dubai, said authorities had directed factories to support the health sector’s needs in the country, which has recorded 1,505 infections and 10 deaths.
Dubai imposed a two-week lockdown on Saturday night, tightening an overnight curfew that the whole of the UAE has been under for 10 days. Daily new cases have increased recently as testing has been stepped up.
The UAE central bank also announced new measures on Sunday to guarantee liquidity in the banking system, boosting its stimulus package to a total of $70 billion from a previously announced $27 billion.
Meanwhile in neighboring Kuwait, the governor of the central bank said the country’s banks can continue to distribute dividends for 2019 and it is early to ask them to suspend dividends for 2020.

FASTFACT

• Tweeting after a Cabinet meeting, Sheikh Mohammed bin Rashid Al-Maktoum, who is also the UAE prime minister and ruler of Dubai, said authorities had directed factories to support the health sector’s needs in the country, which has recorded 1,505 infections and 10 deaths.

• In neighboring Kuwait, the governor of the central bank said the country’s banks can continue to distribute dividends for 2019 and it is early to ask them to suspend dividends for 2020.

“The exchange rate system is excellent and there is no fear for the Kuwaiti dinar,” said Mohammad Al-Hashel, adding that banks’ average capital adequacy ratio was above 18 percent. The minimum ratio has been reduced to 10.5 percent, the governor said.
Last week, the Central Bank of Kuwait (CBK) announced a stimulus package to support vital sectors and small and medium enterprises amid the fallout from the coronavirus epidemic.
The measures will raise banks’ lending by 5 billion dinars ($16 billion), the Kuwait Banking Association said last week.
Hashel said banks had agreed to refrain from liquidating collateral assets like real estate or stocks, unless customers ask for it, “to avoid any serious decline in the markets.”
Banks should not be “very strict” in refraining from lending, he said.
He added monetary policy measures taken so far were adequate, but the central bank was ready to act again if necessary.